HomeMy WebLinkAboutConfirming Tax Abatement - SGW Realty LLC/Excel Industries Inc. Lots 10-11 of the H.G. Baus Industrial Centre (10 Year Real Property)RESOLUTION
NO. 2636 -98
Passed by the Common Council of the City of South Bend, Indiana,_
June
22, 98
19
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
June 23, 19 98
Approved and signed by me June 24,
Clerk
of Common Council.
City Clerk
Mayor
RESOLUTION NO. 6309
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
Lots No. 10 and No. I I of the H. G. Bans Industrial Centre
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX
ABATEMENT FOR
SGW Realty LLC/Excel Industries, Inc.
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory
Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax
abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as Lots No. 10 and 11
of the H. G. Baus Industrial Centre, and which is more particularly described as follows:
A part of the Southeast Quarter (SE 1/4) of Section 20 and part of the Southwest Quarter (SW 1/4)
of Section 21, Township 38 North, Range 2 East, situate in German Township, St. Joseph County,
State of Indiana, and being more particularly described as follows:
Lots numbered ten (10) and eleven (11) as shown on the recorded plat of H. G. Baus Centre -Phase
One, recorded March 16, 1995, as document Number 9507104 in the Office of the Recorder of
St. Joseph County, Indiana.
and which has Key Number 25- 1010 - 036101 and Key Number 25- 1010- 036102, as an Economic Revitalization
Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council
has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and ob-
jections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic revitalization area have
been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana,
as follows:
SECTION I. The Common council hereby confirms its Declaratory Resolution designating the area described
herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real
property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is qualified for and is
granted Real property tax deduction for a period of ten (10) years, and further determines that the petition
complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6- 1.1 -12 et sea.
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common
Council and approved by the Mayor.
G44,(
Member of the Common Council
♦RESENTED (j! 2 / 2
NOT APPROVED (/
ADOPTED 6-' Iz -G / D